Zimpost in partnership with Nicozdiamond unveils Post Insurance with exciting promotion
By Insurance24
HARARE, Postal services giant, Zimpost in partnership with short term insurer Nicozdiamond has unveiled an enhanced partnership which saw the birth of a new insurance business, Post Insurance, underwritten by Nicoz.
Managing director Sifundo Moyo at an event to unveil the new brand as well as a
International experts to unpack role of trade credit insurance in reviving Zim economy
By Insurance24
HARARE, A high level conference on the role of trade credit insurance in promoting and supporting increased trade will be held next month (June 8) at Cresta Lodge in Harare with the aim of helping promote greater understanding of trade credit insurance and the critical role that it can play in the
CBZ Holdings underwriting income increase 31.6% to $2.5 mln in Q1 2018
By Insurance24
HARARE, CBZ Holdings underwriting income units increased 31.6% to $2.5 mln during the quarter ended 31 March 2018 compared to $1.9 mln same period in 2017. This was largely supported by investment in new products unveiled during the period.
The Group’s insurance units include CBZ Insurance which as at September
Brainworks exits Get Sure Life Assurance in a $7 mln transaction
By Insurance24
HARARE, Brainworks capital management has entered into a share sale and purchase agreement with Nhaka Life Assurance Company Private Limited, in terms of which Brainworks will dispose 100% equity investment in
Get Sure Life Assurance private limited comprising 200 million ordinary shares to Nhaka for a total
Zimpost targets insurance business growth as it unveils insurance products
By Insurance24
HARARE, Postal services giant, Zimpost is set to unveil insurance products under the banner Post Insurance as the company seeks to diversify its product portfolio and take advantage of the thriving insurance sector.
In an interview acting managing director, Sifundo Moyo confirmed the development saying that Post
Restructuring and cost realignment pays off for ZHL in 2017
Insurance24
Harare, In 2016, Zimre Holdings embarked upon a restructuring exercise and adopted various cost re-alignment initiatives, resultantly that mirrors Group a strong performance achieved for the year ended 31 December 2017.
As part of the restructuring, the Group realigned assets to focus of the reinsurance and property business and
Fidelity Life Assurance premiums dip as new business drives Vanguard Life Assurance
By Insurance24
HARARE, Fidelity Life Assurance of Zimbabwe group gross insurance premiums for 2017 at $14.24 mln were 7% lower than $15.38 mln in 2016 largely on shrinkage of the business by the anchor company.
Fidelity’s 2017 financial year was characterized by a restructuring exercise that was aimed at re-positioning
Transafrica expand product offering for Zimbabweans living and working in South Africa
By Insurance24
HARARE, South Africa’s funeral services company, TransAfrica is set to introduce an new life product, the Zimlife Plus beginning next month largely targeted for Zimbabweans living and working in that country.
The new product is largely an extension of a funeral cover product known as Zim Transafrica
Not a good outing for insurers on Thursday
By Insurance24
HARARE, Trading on the Zimbabwe Stock Exchange (ZSE) was characterized by thin volumes as activity remained low. Old Mutual which was the only insurer to trade was flat at 571c ahead of its annual general meeting this afternoon.
Only 300 Old Mutual shares exchanged hands. Other insurers ZHL, FMHL, Fidelity and Nicozdiamond shares witnessed
NSSA on-boards CSD as Business Partner….Insurer, First Mutual Dematerialization Ratio at 91%
By Insurance24
HARARE, The National Social Security Authority (NSSA) has became the first self-administered pension fund to be on-boarded as a Central Securities Depository (CSD) Business Partner.
The CSD Business Partner product is targeted at self-administered pension funds and other qualifying organizations